Saudi Grains Organization (SAGO) has completed procedures for the second tender of imported wheat for this year, which is 295 000 t of wheat from the origins of the EU, the Black Sea, Australia, North and South America.
His Excellency Eng. Ahmad A. Al-Fares, Governor of SAGO, said in a state-ment that the completion of this tender comes within the framework of meeting the milling companies’ demand for wheat and maintaining the strategic reserve at safe levels. This batch of imported wheat will be supplied during the period of May - June 2021 in five shipments; distributed to two shipments for Jeddah Islamic Port with the amount of 120 000 t, two shipments for Yanbu Commercial Port with the amount of 120 000 t and one shipment for Jazan Port with the amount of 55 000 t.
H.E. stated that 23 qualified global companies specialised in grains trade were invited to the tender; 17 of them competed to supply the amount to be imported and the offers which had the lowest rates of shipments were selected.
With the completion of the second wheat tender for this year, the organisation has contracted to import approximately 650 000 t since the beginning of the year. Noting that SAGO has begun this week purchasing local wheat from farmers for the 2021 local wheat reception season, which will last until the end of October.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/07042021/second-tender-of-imported-wheat-for-sago/